#JASMY/USDT : Navigating a Consolidation Phase with Key Support and Resistance Levels
$JASMY
{future}(JASMYUSDT)
{spot}(JASMYUSDT)
The price is hovering near a critical support zone established around the $0.02000 level, which has been tested multiple times in recent sessions. The market appears to be in a consolidation phase
200-Moving Average (MA): The price is below the 200-period moving average, which is currently at $0.02043. This suggests that the overall trend remains weak, with the moving average acting as a potential resistance level if the price attempts to move higher.
Relative Strength Index (RSI): The RSI is at 45.25, indicating neutral market conditions. The RSI is neither overbought nor oversold, reflecting a lack of strong momentum in the current market direction.
MACD: The MACD is relatively flat, with the histogram showing values close to zero. This further indicates a lack of momentum and potential sideways trading unless a catalyst shifts the market direction.
Support and Resistance:
Support: The immediate support level is around $0.02000, with a more substantial support zone slightly below at $0.01900.Resistance: The nearest resistance level is the 200-MA at $0.02043. If the price manages to break above this, the next resistance would be around $0.02150.
Potential Scenarios:
Bearish: Given the current lack of momentum and the price's proximity to the support level, the market might continue to trade sideways or experience slight downward pressure if it fails to break above the 200-MA.
Bullish: For a bullish scenario, the price would need to break and hold above the 200-MA, potentially targeting the $0.02150 resistance level.
Disclaimer: This analysis is provided for informational purposes only and should not be considered as financial advice. Cryptocurrency markets are volatile, and past performance is not indicative of future results. Always conduct your own research before making any investment decisions.
#6thTrade #BecomeCreator #MarketSentimentToday #Market_Update
#ETH: 85% PROBABILITY OF DOING THIS PRICE ACTION!
If you're looking for an in-depth analysis of #ETH, you're in the right place.
Currently, ETH is experiencing lesser volatility as its trading below 2 pivotal points of rejections at 4100 & 3900. Hence, many are having doubts in trading this token as possible shakeouts for both late shorts and longs could happen. As one of the major tokens in the crypto space, ETH has built a reputable standing with mostly positive outlooks for the long term prospects. With this in mind, as the trading range continues to be below the 3000-4000 key level, there is a possibility of this token revisiting one of its major supports sitting at 1900-2100. As we continue to anticipate the price action, we can safely assume that there are more demands than it had before this year.
Stay wise, trade cautiously.
Hamster Kombat Unveils Airdrop Eligibility Requirements
To be eligible for the Hamster airdrop, users must fulfill the following conditions:
1. Possessing a specific cryptocurrency: Users need to hold a certain amount of a designated cryptocurrency, such as HAM, in their wallet.
2. Engaging on social media: Users must follow Hamster's official accounts on platforms like Twitter and Telegram.
3. Participating in the community: Users should join the Hamster community, for instance, by becoming a member of their Telegram group or Discord server.
4. Completing required tasks: Users must successfully finish all assigned tasks to qualify for the Hamster airdrop.
#HamsterKombat #Airdrop
#MarketDownturn
âTokenized financial assets are moving from pilot to at-scale deployment ... financial institutions with blockchain capabilities in place will have a strategic advantage,â notes a recent industry report by @McKinsey.
After exploring which asset classes are most ripe for tokenization, the article concludes:
âIn the near term, institutions, including banks, asset managers, and market infrastructure players, should assess their product suites and identify which assets would most benefit from transitioning to tokenized products.â
Read in full:
Market Watch: LEVER/USDT Approaching Key Levels
$LEVER
{spot}(LEVERUSDT)
{future}(LEVERUSDT)
LEVER/USDT has been on the move recently, with notable activity on both the 1-hour and 4-hour charts. The price action suggests we might be at a turning point, but caution is still advised.
1-Hour Chart
On the 1-hour chart, LEVER/USDT made a strong push out of its consolidation zone around $0.0016, climbing towards $0.0019 before hitting some resistance. The 200-period moving average is currently acting as a barrier. The RSI is sitting in the mid-50s, which reflects a balanced momentum, while the MACD is hinting at a possible bullish crossover, though the strength of this signal remains moderate.
4-Hour Chart
Looking at the 4-hour chart, LEVER/USDT has broken free from a recent downtrend and is now testing resistance near $0.0020, right around the 200-period moving average. The RSI has edged slightly above 60, suggesting a slight tilt towards bullish sentiment, which is further supported by a positive MACD crossover.
#LEVER/USDT is approaching critical levels. If it can break through the $0.0019-$0.0020 range, there could be room for further gains. However, if this resistance holds, we might see the price drop back towards the $0.0016 support level.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading carries high risks, and itâs important to conduct your own research before making any trading decisions.
#PowellAtJacksonHole #6thTrade #MarketSentimentToday #Marketupdate
đš Meltem Demirors: A Leader in Cryptocurrency and Blockchain Innovation
Discover Meltem Demirors, her background in the cryptocurrency space, and her influence as a thought leader in blockchain and digital asset investment.
Meltem Demirors is a notable figure in the cryptocurrency world, known for her deep expertise and strong advocacy in the industry. As the Chief Strategy Officer of CoinShares, she has played a crucial role in shaping the landscape of digital asset investment. Her journey from the oil and gas sector to becoming a prominent voice in crypto showcases her adaptability and foresight.
Her influence extends beyond her company. Meltem is also an angel investor and teacher at Oxford, providing valuable insights and support to emerging projects and young entrepreneurs. Her dedication to civil liberties and freedom of speech has made her a respected advocate within and outside the crypto community. By leveraging her investment vehicle, Shiny Pony Ventures, she supports innovative protocols and projects, fueling growth and innovation in the blockchain ecosystem.
Active in public discourse, Meltem's opinions often shape discussions on crypto Twitter and other platforms. Her recent testimony before Congress on digital currencies has been widely discussed, highlighting her ability to bridge the gap between technology and policy. This unique blend of roles makes her a compelling figure to watch in the evolving world of cryptocurrency.
$BTC $ETH $ETH
#CryptoMarketMoves #PowellAtJacksonHole
$SOL on Reversal Support - U.Today Analytics
At $140, the 200-day exponential moving average (EMA) represents a critical support level where Solana is currently resting. It is important for traders and investors to keep an eye on this level because it historically served as a reliable predictor of possible reversals or bounce-backs. The way the market is acting right now indicates that Solana may see a sharp pullback in the next few days, but how far this pullback takes will depend largely on the overall state of the market. At present, the market is in a rather stable state with Bitcoin remaining at approximately $60,000 and other cryptocurrencies such as Solana not gaining much traction.
Solana might see a significant rebound from the $140 mark if the market's sentiment turns more optimistic, possibly aiming for the next resistance levels at $151 or even higher. However, in the event that the market as a whole stays flat or becomes bearish, Solana may find it difficult to hold its current position above the 200 EMA. If this support is broken, there could be more losses, with possible targets at or below $130. On the daily chart, Solana's relative strength index (RSI) indicates that it is in a relatively neutral zone, indicating that it may move in either direction in response to market catalysts.
đ„đ„đ„Bitcoin ($BTC ) Price Nears ATH: 5 Reasons It Could Surpass Goldâs Recent Record
Bitcoin Poised to Surpass Gold as Strategic Withdrawals and Institutional Interest Surge
Bitcoinâs recent price momentum is driven by strategic withdrawals and growing institutional interest, with potential implications for surpassing goldâs record. Political developments and Federal Reserve expectations are also playing significant roles.
Key Drivers Behind Bitcoinâs Surge:
1. Strategic Withdrawals: Over 23,000 BTC have been withdrawn from major exchanges like Coinbase Pro and Bitfinex, indicating strong confidence from long-term holders.
2. Strong ETF Inflows: Significant investments from institutions such as BlackRock and Fidelity have bolstered #BitcoinETFs , reflecting heightened investor trust.
3. Growing Institutional Interest: Firms like Goldman Sachs and Morgan Stanley are increasingly investing in Bitcoin ETFs, reinforcing Bitcoinâs credibility as an asset.
4. Political Influence: The upcoming U.S. elections and support from pro-crypto candidates are boosting market optimism and Bitcoinâs outlook.
5. Fed Rate Cut Expectations: Anticipations of a Federal Reserve rate cut are enhancing Bitcoinâs appeal as an inflation hedge.
Bitcoin recently surged past $61,000, fueled by $2.5 billion in #stablecoin inflows. Despite a 1.62% decline in the past day, Bitcoin is currently trading at $58,723.47, up 0.18% over the past week. Institutional investors, including Goldman Sachs, continue to drive Bitcoinâs performance with increased activity in spot Bitcoin ETFs.
Source - crypto-news-flash.com
#CryptoMarkets #BinanceSquareBTC #CryptoNewsCommunity
$ENA /USDT
**Identifying Spot Resistance: A Crucial Element in Trading**
In the realm of trading, recognizing key levels of support and resistance is fundamental to making informed decisions. Spot resistance refers to a specific price level where an asset faces selling pressure, preventing it from rising further. This occurs when the price approaches a level that traders have previously recognized as a peak, causing them to sell off their holdings, anticipating a reversal.
Understanding spot resistance can offer traders critical insights into market behavior. When a price nears this resistance, it often signals potential for either a breakout or a reversal. If the asset price breaks through the resistance level, it can indicate a strong upward momentum, leading to further gains. Conversely, if the price fails to break through, it might lead to a pullback or consolidation, offering a chance for traders to reassess their strategies.
Spot resistance serves as a key indicator for setting stop-loss orders, taking profits, or deciding on entry and exit points. By closely monitoring these levels, traders can enhance their chances of making profitable decisions and managing risks effectively in a volatile market environment.#PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #MarketDownturn #SahmRule
{spot}(ENAUSDT)
$ETH has dropped over 24% in the past month, now trading at $2,572.
Despite the launch of Ether ETFs, $420.5M in outflows have added selling pressure.
Additionally, a 60,555 ETH supply increase since July 23rd has further weighed on prices.
Are you bullish on $ETH?
#Ethereum #EthereumETF #ETHETFS #TrendingTopic
đ„ đđđđĄđđ« đđ±đ©đđ§đđŹ đđđđ đđš đđ©đđšđŹ đđ„đšđđ€đđĄđđąđ§ đđšđ« đđšđ°đđ« đ
đđđŹ đ„
.
Stablecoin issuer Tether has reportedly launched its USDT stablecoin on the Aptos blockchain. Tether stated that the move is part of its plan to improve digital currency accessibility and use globally.
{spot}(APTUSDT)
> By integrating USDT on Aptos, Tether aims to utilise Aptos blockchainâs scalability and speed to provide users with âextremely low gas fees, costing only a fraction of a penny.â
{future}(USDCUSDT)
> This is expected to unlock wider use cases, including âmicrotransactions [and] large-scale enterprise operations.â The press release also notes that Aptos has witnessed substantial growth throughout the year, with a rise in average daily active users (DAU) from 96,000 in January to 170,000 in July.
đ
đŽđČđ·đ°đœđłđ
đžđżđ
123
#Aptos #APT #USDTă
As of today, 94% of the total Bitcoin supply has been mined, leaving only 1.26 million BTC to be issued over the next 116 years.
This milestone highlights Bitcoin's limited supply model, which is capped at 21 million coins. The remaining #Bitcoins will be gradually released through the mining process, with increasingly smaller rewards for miners due to the "halving" events that occur approximately every four years.
This scarcity is a key aspect of Bitcoin's value proposition, positioning it as a digital form of "hard money" akin to gold. With just 6% of the supply left to be mined, demand for #Bitcoin is likely to increase as availability continues to tighten. The next halving, expected in 2024, will reduce mining rewards to 3.125 BTC per block, further slowing the issuance rate.
Over the coming decades, Bitcoin's limited issuance schedule and growing adoption could lead to significant price appreciation as it becomes harder to obtain. For long-term investors and institutions, this scarcity model makes Bitcoin an attractive asset for those seeking a hedge against inflation and fiat currency devaluation.
With only 1.26 million $BTC left to be mined, we're entering the final phase of Bitcoin's fixed supply journey. [Let's Vote Me](https://app.binance.com/uni-qr/cpro/Tokentraverse?l=en&r=19081793&uc=app_square_share_link&us=copylink)
#CryptoMarketMoves #LowestCPI2021 #BlackRockETHOptions #BinanceTurns7
**HTX Ventures Unveils 2024 Half-Year Investment Report**
HTX Ventures has just dropped its 2024 Half-Year Investment Report, showcasing strategic investments in blockchain and Web3 innovation. The firm zeroed in on six key areas, backing 23 projects to tackle Web3 challenges.
**Key Highlights:**
- **BTCFi Expansion:** HTX is pushing Bitcoin into decentralized finance (DeFi) with investments in Babylon and BounceBit. The goal? To boost Bitcoin's utility beyond just being a store of value.
- **Multichain Infrastructure:** Investments in Monad and Avail aim to enhance blockchain connectivity and efficiency, addressing the fragmented blockchain landscape.
- **User Experience:** Projects like Tomo are making Web3 more user-friendly, integrating financial incentives into social interactions.
HTX Ventures continues to support over 300 projects, reinforcing its position as a major player in blockchain VC. For more details, check out the full report.